Residential Income Unit with
For Sale
$434,900
700 MOYER STREET Unit 104, Philadelphia, PA 19125
Contemporary residential unit with designer finishes, garage parking, and an open layout near I-95.
Property Size1,212 SF
Days on Market8
Property Features for 700 MOYER STREET Unit 104
General Information
Standard status
Active
Size
1,212 SF
Property subtype
Unit/Flat/Apartment
Additional Details
Highway Access
Yes
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$804
Amenities
garage parking
in-unit washer & dryer
floor to ceiling windows
quartz countertops
hardwood flooring
Building Details
Building Size
1,212 SF
Year Built
2021
Listing Agency:
Elite Realty Group Unl. Inc.
Listed By:
Maxim Shtraus · License #RS324092
(215) 630-4620
Source:
Patmckennarealtors
Added: Sep 9
Changed: Sep 13
Last Checked: Sep 15 at 8:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Elite Realty Group Unl. Inc.
Investment Insights
Based on property information with market context.
This 2021 residential income property is part of a multifamily community offering one- and two-bedroom floor plans. Interior features include open-concept layouts, 9-foot ceilings, floor-to-ceiling windows, wide-plank hardwood flooring, and custom European kitchens with quartz countertops. Residences also include Fresca shower columns, in-unit LG washers and dryers, and Trane HVAC systems. Garage parking is provided, and the property is prepared for both Comcast and Verizon service.
The property is located near the I-95 exit ramp, providing access toward New York City and Philadelphia International Airport. Fishtown destinations identified nearby include Suraya, Frankford Hall, La Colombe, Punch Line Philly, The Fillmore, and Rivers Casino. Full 10-year tax abatements are available for the units.
The property is located near the I-95 exit ramp, providing access toward New York City and Philadelphia International Airport. Fishtown destinations identified nearby include Suraya, Frankford Hall, La Colombe, Punch Line Philly, The Fillmore, and Rivers Casino. Full 10-year tax abatements are available for the units.
Key Highlights
- 2021‑built residential income property with one- and two‑bedroom floor plans
- Garage parking included
- 9' ceilings and floor‑to‑ceiling windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$19,064
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,280
$381.3K
Cap Rate 7%
$272,343
$272.3K
Cap Rate 9%
$211,822
$211.8K
Market Conditions
NOI Build-Up for 1,212 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.8K $30.36/SF
− Vacancy
−$2.1K −$1.76/SF
EGI
$34.7K $28.60/SF
− OpEx
−$15.6K −$12.87/SF
NOI
$19.1K $15.73/SF
Area
Philadelphia, PA
Vacancy
5.80%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$381,280
Cap Rate 7%
$272,343
Cap Rate 9%
$211,822
Alternative Uses
Best Use
Apartment 5plus
$272.3K
$238.3K – $317.7K
NOI $19,064 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$295.5K
$258.5K – $344.7K
NOI $20,683 @ 7.0% cap · market cap 4.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,561
Businesses Nearby
Explore this area
Business Placement
Demographics for 19125, PA
25,325
Population
13,055
Households
1.9
Avg Household Size
34
Median Age
64%
College-Educated
94%
High-School Grad
1.4 sq mi
ZIP Area
18,089
Density / Sq Mi
$110,842
Median Household Income
$62,656
Median Earnings
$1,743
Median Rent
$373,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - Contemporary residential unit with designer finishes, garage parking, and an open layout near I-95.
Where is this residential income property located?
The property is located at 700 MOYER STREET Unit 104 Philadelphia, PA.
What is the asking price?
The asking price for this property is $434,900.
What are key features of this property?
This property features: 2021‑built residential income property with one- and two‑bedroom floor plans; Garage parking included; 9' ceilings and floor‑to‑ceiling windows
